PPP Loan information for Mg electric and construction inc.

$80,723

Mg electric and construction inc. was initially approved for PPP Loan of amount $80,723, the current approved amount is $80,723. The loan was approved on 01/21/2021 by The Thomaston Savings Bank reported 6 jobs and $80,723 was used to fund payroll.

Mg electric and construction inc. is Existing or more than 2 years old

MG ELECTRIC AND CONSTRUCTION INC.

Date Approved

01/21/2021

SBA Office Code

0156

Processing Method

PPS

Borrower Name

MG ELECTRIC AND CONSTRUCTION INC.

Borrower Address

31 Lois St

Borrower City

Bristol

Borrower State

CT

Borrower Zip

06010-7542

Loan Status Date

08/07/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

80722.50

Current Approval Amount

80722.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

16495

Servicing Lender Name

Thomaston Savings Bank

Servicing Lender Address

203 Main St

Servicing Lender City

THOMASTON

Servicing Lender State

CT

Servicing Lender Zip

06787-1721

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Bristol

Project County Name

HARTFORD

Project State

CT

Project Zip

06010-7542

CD

CT-01

Jobs Reported

6

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

80720.50

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

16495

Originating Lender

Thomaston Savings Bank

Originating Lender City

THOMASTON

Originating Lender State

CT

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

81096.26

Forgiveness Date

07/23/2021

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